Silver: Where Do We Go Now?I have focused heavily on the Gold run that I have called to perfection thus far and I have neglected Silver so I will post an update regarding Silver!
Silver, like Gold, is on the verge of a large bull run and historic break-out - this is only the beginning. I am expecting Silver to get 20.00 sometime in October, with a move to 17 again next week, and 18 in the next 2 1/2 - 3 1/2 weeks.
The most major retracements will be once we reach into the 28-30.00 range where we could give back 10-15% +/- 2% in the form of a correction. However, after that, expect some large and parabolic moves to record highs in 2021.
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Remain patient. Remain long. Do not short.
#1 The race to the bottom for 0 interest rates, and a global recession sometime in 2020, is all the information you need to know.
#2 The fact we got close to 16 but did not go below proved the fake bear flag. Welcome to the historic bull run.
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Many people have been DM'ing me on my recommendations for stocks for Silver (and Gold).
My recommendations for Silver are: Americas Silver Corp., and First Majestic.
- zSplit
Silverlongsetup
Gold / Silver Ratio PredictionExpect the gold/silver ratio to leap higher as silver underperforms Gold. Gold will rally but silver will remain muted, at least for a while. Then as the Gold/Silver ratio hits resistance at around 100 a clear buying opportunity for silver will emerge. Gold should rally as the Gold/Silver ratio collapses and therefore Silver is a screaming buy at these levels. Inflation picking up will be the key for silver and the gold/silver ratio collapsing. The Fed will lower interest rates, attempt new rounds of Qe to avoid a recession, but unfortunately all they will achieve will be inflation. Follow the breakdown of the ratio as it hits the upward resistance line, then it'll be off to the races for the pm bull market.